Sagespring Wealth Partners LLC Purchases 4,525 Shares of NextEra Energy, Inc. $NEE

Key Points

• Sagespring Wealth Partners LLC increased its stake in NextEra Energy by 13.7%, acquiring an additional 4,525 shares, bringing its total holdings to 37,485 shares valued at $2.6 million.
• Several hedge funds have also adjusted their positions in NextEra Energy, with institutional investors now owning approximately 78.72% of the company's stock.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, resulting in an annualized yield of 2.7%, with a reported dividend payout ratio of 79.02%.

Sagespring Wealth Partners LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,485 shares of the utilities provider's stock after buying an additional 4,525 shares during the period. Sagespring Wealth Partners LLC's holdings in NextEra Energy were worth $2,602,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after purchasing an additional 136 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in shares of NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in shares of NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider's stock valued at $2,355,000 after purchasing an additional 142 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after purchasing an additional 143 shares during the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings in shares of NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider's stock valued at $692,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NextEra Energy in a report on Tuesday. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.57.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $84.67 on Wednesday. The firm has a market cap of $174.37 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The firm's 50 day simple moving average is $74.74 and its 200-day simple moving average is $71.94. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Insider Activity at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 over the last quarter. 0.18% of the stock is owned by insiders.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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